Ahead of the official announcements, Kotaku is reporting potentially leaked details of the eighth generation follow-up, which is expected to launch in time for the holidays this year. The site writes:

Our source—the same reliable source who back in early 2012 told us the codename for Sony's next console and the codename for Microsoft's next console—tells us that there are two models planned for the new machine, and that pricing won't be announced until later this year, possibly around E3. The current plan, our source says, is to release them at $429 and $529, but that could change.

Those prices would be significantly cheaper than the PS3, which launched starting at $499 USD for a 20 GB console.

The console will reportedly get a new controller with a smaller touchpad in the center, and possibly a special button on the controller to share content. The source also indicates that you'll be able to use your tablet or smartphone as a remote control/controller for the console. And you'll be able to run client apps on popular tablets/smartphones to schedule games to download or to chat with your PlayStation Network buddies.

The supposed "leaked" PS4 controller [Image Source: Kotaku]

The new PlayStation will locally network via Vita, and will feature a new service called PlayStation Eye (not to be confused with the Eye Toy) which allows you to watch streams of your friends' playing games (if they allow it). PlayStation Plus will be replaced by PlayStation World; most of the networked services will be only available via this premium option (Microsoft is going a similar route with Xbox Live).

You get what you pay for though. The online experience with the 360 is superior to the PS3 as it should be since you're paying. The PS3 is not bad, but it's not as good. Some of my PC only friends don't understand it, even give me crap about it and then turn around an pay money to rent a server for BF3...da fuq is that about?!

If you want to make a server that has a limit how many snipers there are on each team, you can.If you want to change the length of a round, you can.If you want to keep the game private among just your friends, you can.There is a laundry list of options at your disposal.If you value the ability to make a game the way you want it played, it is worth it.

To sit their and criticize or balk at someone's choice to pay for xbl and then turn around and rent a server is hypocritical. They both have their value and provide advantages/conveniences people want. As paid services they should be better than the free options.

Ok,so is that more clear? Unclench, your pinching your chair. Go have a coke and a smile.